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20121201
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of washington on the budget, stocks tumbled yessterday. oracle is among the latest corporations trying to beat the clock on next year's expected tax increase. oracle's board has approved accelerated dividend payments for the second, third and 4th quarters of next year. nhl owners and players plan to meet today in a renewed effort to move the puck on labor talks. let's see what's going on with the market today with matt shapiro, president of mws capital. good morning to you. > > good morning angie. > this is certainly one moody market. it seems to move on every word that comes out of washington. > > absolutely. actually, i am surprised, given the stalemate that we had this weekend and the gop yesterday having a counter offer - they are miles apart, but the market really held in there, and i think, at this point, the market is just basically pricing in that nothing really good is going to happen in washington, at least for now. > what about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at
to reports, the washington post may be closer to charging customers to read artcles online. tim mulholland of china-america capital joins us on this jobs friday. tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 mi
no matter what comes out of washington.. why traders are convinced.. there will be no falling off a fiscal cliff. in today's cover story.. why retailers and wall street firms are stepping away from gunmakers. plus- who has more power millenniels or baby boomers.. the surprising answer.. and what will interest rates look like in 2013? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's wednesday december 19th. i'm angela miles. in today's first look what is the market telling us? stocks rallied once again yesteday..in what traders view as a sign a deal to avert the so called fiscal cliff.. is highly likely. money pulled out of gold -- which is considered a safe haven.. and instead went into equities.. as well as oil. shares of oracle bounced almost 3% in heavy volume. the tech company surpassed wall street's expectations. oracle is up 28% this year. gas prices are closing in on a 2 year low. the national average for a gallon of unleaded regular is $3.23. it's time now for trader talk with larry sho
from the hospital where lane is recovering. >>> recreational use of marijuana is illegal in washington state. this is after the new law took effect at midnight. technically, it's not legal to smoke pot in public. >> you also want grow or sell marijuana -- you also cannot grow or sell marijuana. >> congratulations. >> thank you so much. >> that couple there, they've been together for 5 years. now it is legal for same-sex couples to get married in washington. they were in dozens more -- they and dozens more lined up outside of the administration. >>> it is 7:33. repair work is expected to begin today on highway 1 alook the sonoma coast where rainy weather caused a slide forcing a close between meyers grade and timber. a detour is in place on valley ford food between petaluma and bodega bay. >> i'm not gonna take a chance torren the car. it happens every year. everybody out here is used to to it -- used to it. >> drivers should allow for extra time because of the detour. >>> residents in la honda, you have to cut back on your water use for the next couple of days. the department of public
. stanford's group wants to disinfect drinking water in bangladesh. in april they go to washington d.c. to prevent their work to a panel of scientists and the winner gets a second grant up to $90,000. >>> local governments are asking the president to create a new no ocean drilling in a 50- mile area from sonoma to mendocino counties. they say it would stretch from bodega bay to point arena along the coast. the congressmen and women are spearheading the drive. >>> dennis allen will be on the sidelines back with the team when the raiders host the denver broncos. allan returned here after spending time with his gravely ill father. his father died on tuesday at the age of 66. >>> well before today's game, roger goodell will be speaking at a fan forum at oracle arena. season ticket holders were elected to be part of it. it will include former stanford john elway and some of the raiders grates, as well as howie long. they will take another step closer to finishing their new stadium. coming up, the signing ceremony that will mark a very special occasion. >>> a beautiful commute so far, how
to washington next week because of the so-called fiscal cliff. legislators left washington without a deal that would avoid cutting government services on january 1st. >> a portion of interstate 80 heading to the sierra was shut down today after a series of storm related spinouts. the highway patrol shut the highway down this morning from colfax to the nevada state line. this is what it looked like this afternoon where you see a detour prompting cars to exit the freeway and turn around. at times the interstate looked more like a parking lot. >> try to get to tahoe for christmas and we saw a small sign that says road closed and thought day were kidding. but they weren't. >> the interstate eventually reopened this afternoon, the most powerful winter storm of the season is on track to drop as much as 5 feet of snow on top of the sierra. here's what it looked like earlier at squaw valley. as much as 12 inches of snow is forecast for the foot hills around reno, carson city. >> the highway patrol is looking for the driver who crashed an suv in oakland this morning. the vehicle careened off inter
in 13 tries. cardinal beat tennessee 73-60. now off on an 11-0 run. >>> boise state hosted washington today and won the las vegas bowl for the third straight year. now, this young boise state fan wore a mustache as homage to broncos quarterback joe south wick, from san ramon valley high. bosi state takes a 9-3 lead. southwick starts the double pass play. chris potter heaves to huff. huff huffs and puffs and blows his way in for the touchdown. his knees never touch. that's a touchdown. boise state beats washington 28-26, to finish 11-2. huskies done at 7-6. >>> former san francisco giant and 2010 post season hero cody ross agrees to a three-year, $26 million deal with the arizona d-backs. merry christmas, cody. that's big money. >> pretty good. thank you, fred. >>> well, coming up, we have much more ahead on the 10:00 news. >> we'll have a look once again at the weather radar, as we're bracing for a powerful storm starting tomorrow morning. and we are on storm watch and we'll have the latest on what to expect. >>> thank you for trusting ktvu channel 2news. see you the next time news br
. >> thank you. now, our washington, d.c. newsroom is also following this. coming up at 7:15, we'll have more analysis of what this morning's developments could mean for same-sex marriage in california. >>> 7:06. we want to check in with tara, in for sal. it's pretty slow, tara? >> yes. but it does get better in partly sunniton -- get better in pleasanton. it's really slow on the curve there. westbound as you make your way towards concord, your commute looking a little slow. up next, we have a look at the bay bridge toll plaza. you can see it's a parking lot right now. the metering lights have been on for about an hour. definitely slow into san francisco this morning. give yourself extra time. finally, in the south bay, 208 at the 880 interchange, you can see the head lites are 280 northbound, stop and go over the past 15 minutes. here's steve. >> thank you, tara. >>> a very good colder morning. 38, 39. a little bit of a break today. much colder pattern. not only that, but some incredible rain totals. don't want to forget fog popping up on highway 37. some really thick fog there, thanks to ow
the hit-and-run accident that slightly injured a police officer in the 600 block of washington street. a vehicle hit him and sped off. the officer suffered minor injuries and did not need to go toles hospital. no arrests -- to the hospital. no arrests have been made in the case. >>> it's crab season. but local fishermen's boats are not budging from the docks. it's all because of a price war over crab. tara moriarty joins us live from the newsroom to explain what is making the strike worse. good afternoon, tara. >> reporter: good afternoon. more than 100 local crab fisher boats have not left the harbor but some oregon fishermen is hate hitting the -- are feeling the pinch. one boat offloading was from oregon. before thanksgiving, fishermen were earning $3 a pound and demand took a dip and the prices plunged. and that's caused a shortage of the crab in the bay area. the dispute started on sunday when crab boat skippers heard that they were planning to cut the prices to $1.80 for fresh crab. >> we started at 3 bucks. we fished for a couple of weeks before the wind came up and now the win
said he will be back in washington to deal with the impending fiscal cliff. >> and the cia speaking out about a movie showing the death of bin laden. what the acting director told employees in a memo act that film. >> a live look at the approach to the wet bay bridge toll plaza. chp responding to a lot of spin outs on this saturday morning. time 7:12, you are watching mornings on 2. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv with a total home dvr included free for life. only $29 a month for six months. rethink possible. . >>> good morning. isn't that a gloomy look over bay point? we have gray skies. scattered four showers for the afternoon. >> president obama and the first lady wished everybody a happy holiday and to thank everybody for the kindness they are showing to people
Search Results 0 to 9 of about 10